Earnings ·
SEALSQ reports $11.2M net sales but posts $27.7M net loss as operating expenses surge to $37.6M
LAESSEALSQ Corp
SEALSQ Corp filed its unaudited condensed consolidated financial statements for the six months ended June 30, 2026. The company reported net sales of $11.2 million, a significant increase from $4.8 million in the prior year period. However, operating expenses surged to $37.6 million, driven by higher research and development costs of $8.7 million and general and administrative expenses of $23.1 million, resulting in an operating loss of $32.2 million compared to $21.2 million previously. The net loss attributable to SEALSQ Corp was $27.7 million, or $0.13 per basic share. Cash and cash equivalents rose to $480 million from $418 million at year-end 2025, supported by $125 million in common stock proceeds during the period. The company also acquired Miraex SA for photonic integrated circuit technologies and a controlling interest in Wecan Group for blockchain-based digital infrastructure. SEALSQ Corp operates in the semiconductor, quantum technology, and cybersecurity industries.